MarketsCryptocurrenciesStablecoins Could Reshape Short-Term Debt Markets, Fitch SaysTokens claiming 1-1 conversion to fiat currencies are growingScrutiny intensifying on how such stablecoins manage reservesFacebookTwitterLinkedInEmailLinkGiftExpandTether is widely used to trade Bitcoin and other tokens.Photographer: Tiffany Hagler-Geard/BloombergFacebookTwitterLinkedInEmailLinkGiftGift this articleHave a confidential tip for our reporters? Get in TouchBefore it’s here, it’s on the Bloomberg TerminalBloomberg Terminal LEARN MOREFacebookTwitterLinkedInEmailLinkGiftBy Eric LamOctober 19, 2021 at 2:57 AM EDTBookmarkSaveLock This article is for subscribers only.Follow @crypto Twitter for the latest news.The rapid growth of stablecoins like Tether is exerting an ever-greater impact on short-term securities markets such as commercial paper, according to Fitch Ratings.Have a confidential tip for our reporters? Get in TouchBefore it’s here, it’s on the Bloomberg TerminalBloomberg Terminal LEARN MORE